The Crazy Story Behind Airbnb’s Formation
[Update: I‘m updating this post because I found this awesome image (see above) of the founding story of Airbnb visualized. It’s worth looking at in detail. It was created by “Funders and Founders.” To date, the founding story of Airbnb is probably the craziest founding story I’ve come across.]
I’ve heard a lot about Airbnb by now, like everyone else. Right? Well, this very long conversation with Airbnb’s CEO Brian Chesky just blew me away. The story of their company’s formation is just absolutely insanely crazy. Chesky and his cofounders kept opening credit cards and going into debt. They sold cereal to get out of debt, and with the leftovers, they didn’t have money for milk. Nearly 95% of every angel investor or VC they met passed on them. Even their moms thought they were crazy. Over 13 months later, Chesky’s life changed. For a company as big as Airbnb is and will be soon, this story is just tremendous, and I’d highly encourage everyone to listen to all of it.